U.S. Manufacturer Charges Collusion in FMC Complaint Against Carriers

Pressure is continuing to grow against the major shipping companies over accusations of unfair business practices and taking advantage of the current surge in volumes to the detriment of the shippers and especially smaller companies that lack the clout of the largest shippers. In the latest step in the ongoing struggle, a smaller U.S. furniture company has filed a complaint with the Federal Maritime Commission seeking $600,000 in its suit which alleges market manipulation and collusion among...


Navy Will Test Freedom-class LCS Gear Fix Next Month; Years Before Repair Reaches Rest of Fleet

LCS 21 (Minneapolis-Saint Paul) Christening and Launch on June 15, 2019.

NATIONAL HARBOR, Md. – The Navy is putting Littoral Combat Ship Minneapolis-Saint Paul (LCS-21) back together after completing a repair to beef up the complicated gearing mechanism that links the ship’s gas turbines to its diesel engines, service officials told USNI News on Monday.

In January, the Navy stopped taking delivery of the Freedom-class from Lockheed Martin after determining the RENK AG-built combining gear was...


France Raises Aid for Beirut as First Anniversary of Port Blast Nears

On Wednesday, France will host an international conference to raise aid for crisis-ridden Lebanon, and it will coincide with the first anniversary of the devastating explosion at the Port of Beirut.   

The UN-supported conference will be hosted by President Emmanuel Macron. It aims to mobilize resources to help the former French colony, which is struggling to recover from political and socio-economic impacts of the blast.

In August last year, a massive explosion ignited by 2,750 tons of ammonium...


Maritime Hydrogen Fuel Cells Advance with ABS and DNV Class Societies

Progress is continuing to be made in the efforts to develop new technologies, including hydrogen fuel cells, as a viable carbon-reducing solution on the shipping industry’s path to decarbonization. In the latest developments, two of the leading classification societies, ABS and DNV, recently provided early approvals to hydrogen fuel cell concepts developed by Bloom Energy Services. This includes the first fuel-cell-powered, engineless liquified natural gas carrier and as an alternative power...


TA earnings reflect improved market for truck stops in Q2

The earnings of Travelcenters of America showed significant improvement in most categories for the second quarter in comparison to 2020’s second quarter, when truck stops were rapidly adjusting to wildly swinging changes in their business because of the pandemic.

The rate of growth at TA (NASDAQ: TA) in 2021 compared to 2020 generally landed in the 20% to 25% range. For example, diesel fuel sales measured in volume were 21.2% more than last year. Nonfuel revenues from stores and retail services...


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